IRD have issued a new mileage rate to be used when reimbursing vehicle use. The new rate is 74 cents per km (down from 77 cents).
The new rate applies immediately to both petrol and diesel vehicles. It does not apply to motor cycles, hybrid and/or electric motor vehicles.
There are still the alternatives to using the above rate, which can be either using other published rates from reputable sources such as AA or calculating the actual running costs.
For more information, please contact us